AEGON to Sell Guardian Financial Services to Cinven for $448 million

Not quite a week after transferring $1.8 billion in reinsurance assets to SCOR, AEGON continues their business divestitures today by selling the UK-based Guardian Financial Services, a life and pension business, to Cinven, a European equity group, for over $448 million.

Guardian, which maintains over 300,000 life insurance policies, has been closed to acquiring new business since 2001.